Retirement Research

Our annual national Franklin Templeton Retirement Income Strategies and Expectations (RISE) survey explores attitudes and concerns about planning for and living in retirement. Now in our seventh year, we continue to uncover surprising insights about individuals’ views on retirement.

RECREATING A PAYCHECK

The majority of individuals are concerned about how they will manage income in retirement - even for those within just a few years from retirement.

52% of workers are concerned about managing retirement income to meet expenses

More than one third of those within five years of retirement do not have a strategy to recreate a paycheck

One in three workers within five years of retirement want help from their employer in choosing an investment to generate income

CONCERNS VARY BY GENERATION

Interestingly, Gen X women, particularly younger Gen X women (those ages 38-45), express the most concern about managing their retirement income to meet their retirement expenses (62 percent). Other differences across generations offer striking contrasts, as well.

Millennial Highlights

Generation X Highlights

40% say running out of money during retirement is their top concern.

49% are concerned about managing their retirement income to meet their retirement expenses.

27% are looking forward to traveling in retirement.

Baby Boomer Highlights

Baby Boom Generation Highlights

37% say health issues are their top concern during retirement.

37% are concerned about managing their retirement income to meet their retirement expenses.

25% are looking forward to travelling in retirement.

CONCERNS CHANGE AT DIFFERENT STAGES

Our survey indicates that upon entering retirement, health issues replace the fear of running out of money as the top concern.

TOP CONCERN FOR OR DURING RETIREMENT

Pre Retirees:

1st Concern: "Running out of money"

2nd Concern: "Health issues"

Retirees:

1st Concern: "Health issues"

2nd Concern: "Running out of money"